Change the Decimal to a Common Fraction

question 8

Multiple Choice

Change the decimal to a common fraction. Then check your answer by doing long division.

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Definitions:

Stock-Outs

Instances when items are no longer available in inventory, leading to inability to fulfill demand.

Carrying Cost

Expenses associated with holding inventory, including storage, insurance, taxes, and the cost of capital tied up in inventory.

Optimal Order

The most efficient and cost-effective quantity of an item to order, considering factors such as demand, storage costs, and order costs.

Time-Based Strategies

Business approaches that prioritize speed and timing in operations, production, and delivery to gain competitive advantage.